“Can a global spend-management platform turn corporate card issuance and AP automation into the financial control layer for lean finance teams at multinational mid-market companies?”
Founded in 2019 as an employee expense-reimbursement tool born from the founder's frustration with legacy expense tools, PayEm quickly expanded into a full spend-and-procurement management platform for lean finance teams at multinational companies. The company raised a large warehouse credit facility in 2023 specifically to fund its growing corporate card program, signaling a shift from pure SaaS toward embedded financial products including virtual/physical cards and a multi-currency digital wallet. PayEm's strategy centers on becoming the finance OS for global SMB/mid-market companies, embedding corporate cards, AP automation, and cross-border payments alongside deep ERP integrations.
Payem discloses Sutton Bank as its banking provider, according to the Embedded Finance Index 2026.
Payem does not disclose a bank charter of its own; its banking services are provided through Sutton Bank.
Payem's cards are issued through American Express Sync.
Payem integrates with QuickBooks Online, NetSuite and Xero.
The Embedded Finance Index 2026 maps 4 layers in Payem's stack: Banking / BaaS (Sutton Bank); Card issuing (American Express Sync); Sponsor bank (Sutton Bank); Accounting (QuickBooks Online, NetSuite and Xero).
Payem was founded by Itamar Jobani and Omer Rimoch and is founded in 2019, headquartered in Tel Aviv, Israel.
Payem has raised $247M in total (latest round: Debt Financing / Series A, January 2023).
Get a read on where your own stack stands against Payem and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.